Forecasting critical trends that may be adapted is an important input to the organization’s strategic planning processes. Organizations need to prepare management, employees, and other members of the supply chain to constantly improve to enhance the supply chain’s competitive advantage.

1. Why is the continuous improvement in internal and external cycle times, cost, quality, and delivery performance important to the future of an organization?

Supply Base Management:

2. What trends do you see happening in supply base management activities?

Purchasing Responsibilities and Activities:

3. Why is the need to reduce cycle time importantly?

4. How can purchase help in reducing cycle time?